The investment values the Noida, India-based company at $5 billion, up from an earlier valuation of about $2.5 billion, the person said.MediaTek s contribution amounted to $60 million, according to the person.In a country where users are increasingly coming online via low-cost smartphones, Paytm provides a popular mobile app that can be used to pay for services like rides from Uber Technologies Inc. and utility bill payments.Paytm uses its payment service to help direct traffic to its other businesses, like e-commerce.The company says it provides some 135 million mobile wallets in India, where few consumers have credit cards and many prefer to pay in cash.MediaTek couldn't immediately be reached for comment.
View photosMoreThe logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, in this file photo taken on April 4, 2016.MUMBAI Reuters - Samsung Electronics Co Ltd will invest 19.7 billion rupees $295.83 million to expand its plant in northern India, the company said in a statement.The plant in Noida, near the Indian capital New Delhi, makes mobile phones, refrigerators and televisions.
View photosMoreHttps%3a%2f%2fblueprint-api-production.s3.amazonaws.com%2fuploads%2fcard%2fimage%2f251705%2f2016 2f09 2f27 2f54 2fap 260118095571.b7466Next time you want to book a cab in India with Uber and Ola — and also compare their fares — just make a Google search.Google announced today that it is making it easier for Indians to book a cab on the two ride-hailing services.Users can get a cab to any place by just making a Google search about it with their phone.Searching for "Taxi to Noida" on Google, for instance, now includes an option to book a cab with Ola and Uber.The page also includes the estimated fare as well as estimated pick up time with distance and traffic details.
Goodera raises USD 5.5 M in its Series A round led by NVP and Omidyar NetworkFounder: Abhishek Humbad and Richa BajpaiFinancing status: USD 5.5 million Series A round in 2017Goodera (formerly known as NextGen), a Bengaluru-based CSR and sustainability management platform, has received USD 5.5 million for its Series A financing round led by Nexus Venture Partners and Omidyar Network.Varsha Rao, former Head of Global Operations at Airbnb, also participated in this round.Nexus Venture Partners co-founder Naren Gupta will also join the Goodera board.
This might be the first time you hear about it, but Samsung has quietly rolled out a special walking app that alerts distracted pedestrians anytime they’re about to bump into a wall or cross at a red light – but nobody is using it.While Walk Mode landed on the Google Play store in mid-May, it appears to have slipped under the radar, accumulating a total of less than 500 installs since launching.According to the information, the software was developed by Samsung’s India-based research and development in the city of Noida.To keep you alert, the app uses the “sensors on your phone to notify you if there is any danger nearby.” Samsung’s research team hasn’t explained exactly how and exactly which sensors the software makes use of.Walk Mode comes with four different modes.For example, Unsafe Walking Alerts notify “you about any unsafe steps you take when using your phone while walking.” Horn Detection, on the other hand, automatically detects vehicle horns to alert you about nearby cars.
NEW DELHI—Paytm, India’s biggest mobile-payments firm, now wants to dethrone Facebook Inc.’s WhatsApp as the most popular messaging service in the South Asian country.The Noida, India-based company is preparing to introduce messaging functionality into its app which has more than 225 million users, according to a person familiar with the...
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“I want to build a product made in India consumed by those…in the developed world,” he said.One of India’s largest startups, Paytm was last valued at more than $7 billion, after raising $1.4 billion from SoftBank earlier this year.It has yet to show a profit, according to Mr. Sharma.Mr. Sharma said the company would use its operations in Canada, where the app was launched in March, as a testing ground.Noida, India-based Paytm is also open to a partnership with Facebook Inc.’s WhatsApp, Mr. Sharma said, which would allow the messaging app’s users to plug into Paytm’s services.Paytm has been preparing to add messaging to its own app.
Xiaomi today announced its third manufacturing plant in India.The manufacturing plant, in partnership with Hipad Technology, is situated in Noida and is company’s first facility in India for a product apart from smartphones.feet, the manufacturing unit is dedicated to Xiaomi Power Banks and has a starting production capacity of 7 power banks per minute.Hipad Technology already partners Xiaomi in China for power banks.On the sidelines of the event, Xiaomi also announced 10,000 mAh Mi Power Bank 2i and 20,000 mAh Mi Power Bank 2i.Xiaomi India has seen exponential growth in India and today it enjoys market leadership in the smartphone segment.
Coming along the newly released Mi Power Bank 2i in India, Xiaomi is also proud to announce a new partnership that they’ve established with the local manufacturer Hipad Technologies.The chinese company will start a new third-party manufacture in the country, using Hipad facilities and labor.The facility is located in Noida, Uttar Pradesh, and among other things will be the new center for manufacturing Xiaomi Power banks.Through the Noida-based facility Xiaomi aims to increase the manufacture of its power juice packages through the referred capacity of manufacturing seven power banks per minute.All the work goes in the hands of over 500 people.With the newest deal, Hipad aims to increase its labor in the future generating some more jobs inside India.
Xiaomi is currently adhering to the plans of the Indian government which is campaigning for “made in India” products.Presently, Xiaomi has two smartphone manufacturing plants in Sri City and Andhra Pradesh and one power bank factory in Noida.However, Xiaomi’s vice president, Manu Jain, told reporters in Hyderabad that the company is planning to establish more factories in the country.We want to add more capacity.We want to set up more plants, not just for phones, even for other categories like Mi-band.There are many other categories…,” he added “We don’t collect any user data.
Indian smartphone brands are losing ground to Chinese manufacturers in their home market — not a single one made the list of the five biggest players in Q3.But Indian smartphone brands still have plenty to offer.At one point in 2014, it had the highest sales of any handset manufacturer in India.Micromax was a rising star, making its mark with affordable handsets and celebrity ad campaigns featuring the likes of Hugh Jackman.It’s powered by the Snapdragon 430 chipset, has 4 GB of RAM, and ships with Android 7.0 Nougat on board.Founded in 2009, it currently has two assembly plants in the city of Noida.
Four new Samsung J series smartphones with modern features are set to hit the Indian market shortly, says a new report from IANS.These new smartphones will come with Infinity Displays that have 18:9 aspect ratio and also have affordable prices.Further, all these devices will be manufactured in India at Samsung’s Noida facility.As per the report, these new devices will get India-specific software.That means we will see additions such as S Bike Mode, Ultra Data Saving (UDS) mode and Turbo Speed Technology.As for what these devices could be, there isn’t any specific info.
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